The table below looks at the prevalence of the term Financial Institution in IT contracts advertised for the Wales region. Included is a guide to the average contractor rates offered in IT contracts that have cited Financial Institution over the 3 months to 28 April 2016 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

3 months to
28 Apr 2016
Same period 2015 Same period 2014
Financial Institution
Rank - 73 68
Contract jobs citing Financial Institution 0 2 1
As % of all contract IT jobs located in Wales - 0.26% 0.14%
As % of the General category - 1.32% 0.47%
Number of daily rates quoted 0 1 1
Average daily rate - £275 £400
Average daily rate % change year-on-year
- -31.25%
UK excluding London average daily rate £450 £425 £365
% change year-on-year
+5.88% +16.43%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £10.44 £16.00 £13.50
% change year-on-year
-34.75% +18.51%
Financial Institution
UK

The following table is for comparison with the above and provides statistics for the entire General category in contract jobs advertised in the Wales region.

General Category
Wales
Contract IT job ads with a match in the
General category
180 151 212
As % of all contract IT jobs located in Wales 27.86% 19.71% 29.53%
Number of daily rates quoted 123 84 132
Average daily rate £375 £375 £375
90% offered a daily rate of more than £265 £185 £212
10% offered a daily rate of more than £475 £525 £500
UK excluding London average daily rate £400 £400 £380
% change year-on-year
- +5.26%
Number of hourly rates quoted 12 9 2
Average hourly rate £29.50 £21.75 £32.50
Average hourly rate % change year-on-year
+35.63% -33.07%
90% offered a hourly rate of more than £12.90 £11.25 £28.50
10% offered a hourly rate of more than £46.40 £34.80 £36.50
UK excluding London average hourly rate £29.00 £25.00 £25.00
% change year-on-year
+16.00% -

Financial Institution
Jobs Demand Trend in Wales

This chart provides a 3-month moving total of IT contractor jobs citing Financial Institution across the Wales region as a proportion of the total demand within the General category.

Financial Institution Jobs Demand Trend in Wales

Financial Institution
Daily Rate Trend in Wales

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Financial Institution across the Wales region.

Financial Institution Daily Rate Trend in Wales